As a landlord, you may charge your tenants a security deposit at the beginning of their lease to cover any incidentals. But what happens if they abandon the property all together and leave it in terrible condition? A trashed rental is every landlord’s nightmare. What do you do first?
The first step is to perform a move-out inspection, taking photos of all damage, trash, and property left behind.
What do I do with all their stuff?
If a tenant moves out and leaves things behind, these items may be considered abandoned property. Before taking any action with these items, review your state’s specific laws. In most cases, you’re required to store the items, allowing the former tenant the opportunity to claim them. (And during this time, you’re liable for the property.)
Who’s going to pay for the repairs?
As for the damage to your house, you’ll need to consider small claims court if the security deposit doesn’t cover the costs (or if there wasn’t a security deposit at all). Of course, if the former tenant doesn’t have any money, you won’t see the cash you need for repairs any time soon.
Reviving a trashed rental takes time, money and patience.
Getting the house ready to sell or rent again requires a significant investment of your money and time. Adding to the stress is that each day the property sits without renters, you’re still paying mortgage, taxes, insurance, and utilities.
Get out of the landlord nightmare.
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